M&A Deal Summary

EQT Acquires Perficient

On May 5, 2024, private equity firm EQT acquired information technology company Perficient for 3.0B USD

Acquisition Highlights
  • This is EQT’s 26th transaction in the Information Technology sector.
  • This is EQT’s 11th largest (disclosed) transaction.
  • This is EQT’s 56th transaction in the United States.
  • This is EQT’s 1st transaction in Missouri.

M&A Deal Summary
Date 2024-05-05
Target Perficient
Sector Information Technology
Buyer(s) EQT
Deal Type Going Private
Deal Value 3.0B USD
Advisor(s) BofA Securities
Wells Fargo Securities (Financial)
Kirkland & Ellis (Legal)

Target

Perficient

Saint Louis, Missouri, United States
Perficient's corporate headquarters in St. Louis, Missouri.
Perficient's corporate headquarters in St. Louis, Missouri.
Perficient is a digital transformation consulting firm serving Global 2000 and enterprise customers throughout North America with a broad array of information technology, management consulting, and creative services. Solutions include business intelligence and analytics, commerce, content management, custom applications, platform implementations, portals and collaboration, business integration and application program interfaces, management consulting, business process management, and customer relationship management, among others. Perficient was founded in 1999 and is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 301 of 315
Sector (Information Technology) 26 of 27
Type (Going Private) 20 of 23
State (Missouri) 1 of 1
Country (United States) 56 of 59
Year (2024) 6 of 20
Size (of disclosed) 11 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-03 WSO2

Santa Clara, California, United States

WSO2 provides application development and identity and access management software to enterprises globally, with over 80% of revenue coming from blue-chip customers in the Americas and EMEA. WSO2 is based in Santa Clara, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-28 Waystar

Louisville, Kentucky, United States

Waystar provides cloud-based technology that simplifies and unifies the healthcare revenue cycle. The Waystar platform removes friction in payment processes, streamlines workflows, and improves financials for providers in every care setting. Waystar is based in Louisville, Kentucky.

Sell -
Mergr

Product

Company

Legal